XM does not provide services to residents of the United States of America.
E
E

EURNOK

Technical Summary

IndicatorValueTrend
IndicatorValueTrend
IndicatorValueTrend
IndicatorS3S2S1PR1R2R3

News

Norges Bank's stance to underpin the crown

BUZZ-COMMENT-Norges Bank's stance to underpin the crown Mar 21 (Reuters) - Norges Bank kept to its December script with only a slight revision to its interest rate path at the March meeting. The crown has subsequently moved higher and should continue to draw strength from the central bank's stance. Norway's key rate was held at 4.5% as expected and the indication is that the first rate cut will not be seen before December 2024 .
E
E
U

Norway's central bank governor eyes September rate cut

Norway's central bank governor eyes September rate cut OSLO, March 21 (Reuters) - The Norwegian central bank's rate path indicates that a first rate cut could come in September, Governor Ida Wolden Bache told a press conference on Thursday. Reporting by Terje Solsvik, editing by Gwladys Fouche
E
U

Inflation drop unlikely to alter Norges Bank's stance

BUZZ-COMMENT-Inflation drop unlikely to alter Norges Bank's stance Mar 11 (Reuters) - Norway inflation numbers for February were clear below the Norges Bank's estimates and below the Reuters poll consensus but are unlikely to alter the central bank's position. February core consumer prices rose 4.9% yr/yr versus a 5.3% increase in January. The Norges Bank had forecast a 5.5% return while the Reuters poll had pointed to an unchanged 5.3% rise.
E
E
U

Norway's crown has potential to out perform

BUZZ-COMMENT-Norway's crown has potential to out perform Mar 6 (Reuters) - The forex market is heavily focused on rate differentials and with Norwegian inflation running clear above target the crown should hold an advantage through 2024. The Norges Bank tightened policy in December with an interest rate hike to 4.5%, running counter to the dovish, albeit cautious, holds at the U.S.
E
E
U

Norway's crown at the mercy of central banks

BUZZ-COMMENT-Norway's crown at the mercy of central banks Mar 1 (Reuters) - The oil price is still a major driver but 2024 will also see inflation and central bank interest rate decisions dictating direction for Norway's crown. Norwegian inflation is coming down but not fast enough for the Norges Bank. It is possible that a cut in Norway interest rates will not be seen until early 2025. March 11 sees the release of Norway February inflation numbers.
E
E
U

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.